HC Wainwright Reaffirms “Buy” Rating for Galiano Gold (NYSEAMERICAN:GAU)

HC Wainwright restated their buy rating on shares of Galiano Gold (NYSEAMERICAN:GAU) in a report issued on Thursday,Benzinga reports. They currently have a $3.10 target price on the stock, down from their prior target price of $4.60. HC Wainwright also issued estimates for Galiano Gold’s FY2025 earnings at $0.38 EPS.

Separately, Eight Capital upgraded shares of Galiano Gold to a “strong-buy” rating in a research note on Tuesday, November 19th.

Galiano Gold Stock Performance

NYSEAMERICAN GAU opened at $1.09 on Thursday. The firm has a market cap of $280.22 million, a PE ratio of -54.50 and a beta of 1.06. Galiano Gold has a 52 week low of $0.80 and a 52 week high of $2.00.

Institutional Investors Weigh In On Galiano Gold

Institutional investors and hedge funds have recently made changes to their positions in the company. Donald Smith & CO. Inc. lifted its holdings in shares of Galiano Gold by 33.3% in the 3rd quarter. Donald Smith & CO. Inc. now owns 23,881,323 shares of the company’s stock worth $33,911,000 after purchasing an additional 5,961,685 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Galiano Gold in the third quarter worth $639,000. XTX Topco Ltd acquired a new stake in shares of Galiano Gold in the 3rd quarter worth approximately $64,000. Marshall Wace LLP boosted its holdings in shares of Galiano Gold by 208.8% in the second quarter. Marshall Wace LLP now owns 1,498,359 shares of the company’s stock valued at $2,577,000 after acquiring an additional 1,013,141 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Galiano Gold by 43.3% during the 3rd quarter. Van ECK Associates Corp now owns 6,854,000 shares of the company’s stock valued at $9,733,000 after purchasing an additional 2,070,000 shares during the period. 66.82% of the stock is owned by institutional investors and hedge funds.

About Galiano Gold

Galiano Gold Inc engages in the exploration and evaluation of gold properties in Canada. Its flagship asset is the Asanko Gold Mine that covers an area of approximately 21,000 hectares located in Ghana, West Africa. The company was formerly known as Asanko Gold Inc and changed its name to Galiano Gold Inc in May 2020.